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Banks pull mobile apps from Google Play

By Charlotte Ricca

Banks worldwide have withdrawn fingerprint authentication for Samsung flagship phones

Banks pull mobile apps from Google Play

Leading banks have removed their mobile apps from the Google Play Store for Samsung Galaxy S10 users, citing concerns over fingerprint security.

NatWest, Nationwide and the Royal Bank of Scotland in the UK have disabled access to the app. Elsewhere the Bank of China and Bank Hapoalim in Israel have pulled the plug on Google Play for these users.

Security is not just an issue for banks. Alipay and WeChat have also disabled the fingerprint payment method on Samsung's flagship phones. Between them they hold more than 90 per cent of the mobile payments market in China.

The news follows the discovery of a flaw in the Galaxy S10 and Galaxy Note 10 fingerprint reader. It enables anyone to unlock devices if the display is covered with a screen protector.

Samsung has acknowledged the problem. “If you’ve used a screen cover, such as silicone cover with a textured surface on the inside, the texture itself may be recognised as a fingerprint that can unlock your phone,” it said.

The electronics company said it will issue a software patch to S10 users.

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Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.
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